AB 204 STUDY Education is Power/ab204study.com

1
AB 204 STUDY Education is Power/ab204study.com
2
AB 204 STUDY Education is Power/ab204study.com
AB 204 Unit 1 -- Unit 9 All Assignments FOR MORE
CLASSES VISIT www.ab204study.com   Check the
included Assignments details Below AB 204 Unit
1 Assignment Ten Principles of Economics AB 204
Unit 2 Assignment Economic Models and Comparative
Advantage AB 204 Unit 3 Assignment Supply and
Demand Model and PPF AB 204 Unit 4 Assignment AB
204 Unit 5 Assignment AB 204 Unit 6 Assignment AB
204 Unit 7 Assignment Money, Banks and the
Federal Reserve System AB 204 Unit 8 Assignment
3
AB 204 STUDY Education is Power/ab204study.com
AB 204 Unit 1 Assignment Ten Principles of
Economics FOR MORE CLASSES VISIT
www.ab204study.com   This Assignment deals with
the Ten Principles of Economics and their
applications to different scenarios. Each
scenario below practices one of the 10 principles
of economics. Match the principles to the
appropriate scenario listed and justify your
answer. Each principle will only be used once.
Refer to chapter one for the details on the ten
principles of economics.
4
AB 204 STUDY Education is Power/ab204study.com
AB 204 Unit 2 Assignment Economic Models and
Comparative Advantage FOR MORE CLASSES VISIT
www.ab204study.com   Explain the difference
between absolute advantage and comparative
advantage. Which is more important in determining
trade between individuals or countries? Is it
absolute advantage or comparative advantage?
Why?   Let us assume two students must prepare a
presentation for their marketing class. As part
of their class presentation, they must do a
series of calculations and prepare 50 PowerPoint
slides. It would take Larry
5
AB 204 STUDY Education is Power/ab204study.com
AB 204 Unit 3 Assignment Supply and Demand Model
and PPF FOR MORE CLASSES VISIT
www.ab204study.com   1) The table below
indicates the total quantity supplied and
demanded of flashlights at different price
levels. Draw Supply and Demand Curves. What are
the equilibrium price and the equilibrium
quantity? Suppose the market price is 5. What
problem would exist in the market? Does it lead
to surplus or shortage? How do you expect this
problem will affect the price? Indicate this on
the supply and demand graphs. Assume the market
price is currently 2. What problem would occur
in the market due to this price? Will it be
shortage or surplus? What will its effect on the
price? Indicate this on the supply and demand
graph.
6
AB 204 STUDY Education is Power/ab204study.com
AB 204 Unit 4 Assignment FOR MORE CLASSES VISIT
www.ab204study.com   1) U.S. real GDP is
substantially higher today than it was 60 years
ago. What does this tell us, and what does it not
tell us, about the well-being of U.S. residents?
What are the limitations of the GDP as a measure
of economic well-being? Given the limitations,
why is GDP usually regarded as the best single
measure of a societys economic well-being?
7
AB 204 STUDY Education is Power/ab204study.com
AB 204 Unit 5 Assignment FOR MORE CLASSES VISIT
www.ab204study.com   ) Assume there is a simple
economy where people consume only 2 goods, food
and clothing. Further assume that the market
basket of goods used to compute the CPI consists
of 100 units of food and 20 units of
clothing.   2) Calculate how much each of the
following items is worth in terms of today's
dollars using 180 as the price index for
today.   3) The table below uses data for 3
hypothetical countries. All the number values are
in thousands. Complete the blank entries in the
table below.
8
AB 204 STUDY Education is Power/ab204study.com
AB 204 Unit 6 Assignment FOR MORE CLASSES VISIT
www.ab204study.com   PART 1 Comparing Long-Run
Economic Growth Rates of Countries Use the
electronic library and databases to conduct
research to identify the key factors that
determine long term economic growth. You can find
the most up-to-date reports on the economic
growth trends of different countries under the
World Bank website linked below. Please also
refer to the Webliography in the course web page
for additional information on the researches done
on economic issues.
9
AB 204 STUDY Education is Power/ab204study.com
AB 204 Unit 7 Assignment Money, Banks and the
Federal Reserve System FOR MORE CLASSES VISIT
www.ab204study.com   1. This section deals with
increase money supply given two scenarios (see
a and b below). In Westlandia, the public
holds 50 of money one (M1) in the form of
currency, and the required reserve ratio is
20. 2. Explain how each of the following changes
quantity of money (money supply) in the
economy. 3. Assume that in a country the total
holdings of banks were as follows
10
AB 204 STUDY Education is Power/ab204study.com
AB 204 Unit 8 Assignment FOR MORE CLASSES VISIT
www.ab204study.com   1. Long-run Macroeconomic
Equilibrium and Stock Market Boom Let us assume
the economy reaches its long-run macroeconomic
equilibrium in 2020. When the economy is in the
long run macroeconomic equilibrium, the stock
market will also reach its boom. This will in
turn lead to increases in stock prices more than
expected, and the stock prices will stay high for
some period. 2) Studies indicate that net exports
and net capital outflows tend to be equal. a) Why
do net exports and net capital outflows tend to
be equal? How does an increase in the price level
change interest rates?
11
AB 204 STUDY Education is Power/ab204study.com
AB 204 Unit 9 Assignment Monetary and Fiscal
Policy, Macroeconomic Fluctuations and
Macroeconomic Equilibrium FOR MORE CLASSES VISIT
www.ab204study.com   1. Refer to the sets of
the aggregate demand, short-run aggregate supply,
and long-run aggregate supply curves. Use the
graphs to explain the process and steps by which
each of the following economic scenarios will
shift the economy from one long-run macroeconomic
equilibrium to another equilibrium. Under each
scenario, elaborate the short-run and long-run
effects of the shifts in the aggregate demand and
aggregate supply curves on the aggregate price
level and aggregate output (real GDP).
12
AB 204 STUDY Education is Power/ab204study.com